Aptiv (NYSE:APTV) Releases FY24 Earnings Guidance

Aptiv (NYSE:APTV) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.80-6.30 for the period, compared to the consensus estimate of $5.73. The company issued revenue guidance of $20.85-21.45 billion, compared to the consensus revenue estimate of $21.52 billion.

Aptiv Trading Up 3.9 %

Aptiv stock traded up $3.03 during mid-day trading on Friday, reaching $80.82. 4,769,688 shares of the company traded hands, compared to its average volume of 2,564,622. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22. The firm’s 50 day moving average price is $76.13 and its 200 day moving average price is $80.72. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.97 and a beta of 1.90. Aptiv has a 52-week low of $68.84 and a 52-week high of $113.60.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, analysts anticipate that Aptiv will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APTV shares. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an overweight rating on the stock in a report on Thursday, April 11th. Piper Sandler dropped their price objective on shares of Aptiv from $80.00 to $79.00 and set a neutral rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company lowered their price target on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Aptiv from $110.00 to $109.00 and set an overweight rating on the stock in a report on Monday, April 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Aptiv from $115.00 to $104.00 and set an outperform rating on the stock in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $109.29.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.